Thu, Aug 22, 5:43 PM (145 days ago)
For the quarter ending July 31, 2024, Nordson Corporation reported sales of $661,604, marking a 2.0% increase from the previous year. This growth was bolstered by a 3.8% contribution from acquisitions, though organic sales declined by 0.9% due to lower demand in electronics and medical sectors. Operating profit decreased to $167,058, with a margin decline to 25.3%. Net income fell 8.3% to $117,327, impacted by rising interest expenses from increased debt levels. For the nine-month period, total sales reached $1,945,439, up 1.9%, with acquisitions contributing 4.5% but offset by a 2.2% organic sales decline. Operating profit improved slightly to $495,109, maintaining a margin of 25.4%. The company’s cash flow from operations was $459,812, down from $478,072, while cash used in investing activities significantly decreased as capital expenditures rose to $43,786. Long-term debt reduced by $223,239, reflecting effective cash management amid rising operational costs. The outlook remains cautious due to uncertainties in demand and currency fluctuations, particularly in the electronics sector.